The Fed Challenge
The Fed Challenge is an academic competition that is regionally sponsored by the Federal Reserve Bank of Richmond. It is designed to improve understanding of the Federal Reserve System's unique role in the economy, appreciate the importance of monetary policy conducted by the Federal Open Market Committee, and encourage a better understanding of the nation's central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects consumers' lives. Participation in the program will improve the student's skills in research, group dynamics, presentation, and critical thinking.
Six selected Roanoke College students conduct significant economic research throughout the fall semester and project future actions of the Federal Open Market Committee. Competing against colleges and universities throughout the Commonwealth of Virginia, our team of students delivers a 20-minute presentation to a panel of Federal Reserve economists who judge on content, teamwork, responses to questions, presentation, and style.
Academic credit is awarded as students are enrolled in Topics in Economics, ECON 252. As additional incentive, the Richmond competition winner advances to the nationwide competition held at the Federal Reserve's Board of Governors in Washington, D.C.
Many colleges and universities have something similar in the form of a “mock” portfolio, but Roanoke College is unique in that they are using real money.